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VeChain Price Prediction 2024-2030: What’s the Growth Potential of VET?

Key Takeaways

  • VeChain price projection suggests a peak price of $0.07 by December 2024.
  • Traders can expect a minimum price of $0.14 and a maximum price of $0.16.
  • By 2030, VeChain’s price could potentially surge to $0.26.

Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for supply chain transparency, product authentication, and data management.

Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As VeChain continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.

VeChain Overview 

CryptocurrencyVeChain
TokenVET
Price$0.03541
Market Cap$2,574,589,202
Trading Volume 24-h$70,826,174
Circulating Supply72,714,516,834 VET
All-time High$0.2782, Apr 17, 2021 
All-time Low$0.001678, Mar 13, 2020
24 High0.03722
24 Low0.03508

VeChain Price Prediction: Technical Analysis

MetricValue
Volatility+0.85%
SentimentBearish
50-Day SMA$0.0383
200-Day SMA$0.0351
Price Prediction$0.0766 (117.67%)
F & G Index10.39 (extreme fear)
Green Days13/30 (44%)
14-Day RSI56.21

VeChain Price Analysis: VET falls to $0.03540 as bears crush short-term support levels

The VeChain price analysis shows that the VET price action has found support at the $0.03540 mark where it currently trades. However, the increasing bearish pressure suggests that this might not be the end of the downtrend.

The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include XRP and AVAX, recording a 0.66 and a 0.57 percent decline, respectively.

VeChain Price Analysis: VET rejected at $0.03650

Technical indicators for VET/USDT by Tradingview

The MACD is currently bullish as expressed in the green colour of the histogram. However, the indicator only shows low momentum as observed in the short height of the histogram. Moreover, the lighter shade suggests a decreasing bearish pressure across the charts as the price action observes rising volatility across the short-term charts.

The EMAs are trading above the mean position as net price movement over the last ten days remains positive. Currently, the EMAs are trading close to each other showing low bearish momentum at press time. Moreover, the converging EMAs suggest a decreasing bearish momentum.

The RSI has returned to the bottom of the neutral region as the price action falls to the $0.03535 level. At press time, the indicator trades close to the mean at the 47.55 index level as the price suggests low pressure from either side of the market while the neutral slope suggests low activity across the markets.

The Bollinger Bands are currently expanding as the price action increases volatility across the short-term charts. Moreover, the bands will continue converging as the price consolidates around the $0.03400 mark. At press time, the bands’ lower limit provides support at the $0.03300 mark while the upper limit presents a resistance level at the $0.03650 mark.

4-hour VET/USDT analysis

Overall, the 4-hour VeChain price analysis issues a sell signal at press time with 16 indicators supporting the bears. On the other hand, only two of the indicators support the bulls showing a low bearish presence. At the same time, eight indicators sit on the fence and support neither side of the market. 

The 24-hour VeChain price analysis shares this sentiment and also issues a sell signal with 12 indicators supporting the bears against only five supporting the bulls. The analysis shows bearish dominance across the mid-term charts with a low bullish presence at the current price level. Meanwhile, the remaining nine indicators remain neutral and do not issue any signals at press time.

VeChain Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

IndicatorValueAction
SMA (10)$0.0356SELL
SMA (20)$0.0352BUY
SMA (30)$0.0359SELL
SMA (50)$0.0383SELL
SMA (100)$0.0417SELL
SMA (200)$0.0351BUY

Daily Exponential Moving Average (EMA)

IndicatorValueAction
EMA (10)$0.0355BUY
EMA (20)$0.0358SELL
EMA (30)$0.0364SELL
EMA (50)$0.0376SELL
EMA (100)$0.0380SELL
EMA (200)$0.0353BUY

What to expect from VeChain price analysis?

4-hour price chart by Tradingview

The VeChain price analysis shows that the VeChain market observes strong bearish momentum causing the price action to dwindle from the $0.05100 mark towards the $0.037000 mark. While the bulls find strong support level at the $0.03700 mark, the strong bearish pressure suggests further downwards movement from the $0.04400 mark.

Traders should expect VET to continue its strong bullish rally, however, the rally would require a brief rest at the current price level as the bulls appear to be exhausted and need time before continuing the charge. Moreover, the strong trade volume suggests an increasing trade activity for the asset suggesting a strong force behind the recent push. As such, the price can be expected to move between the $0.03700-$0.04650 price level across the short-term charts.

Currently, the closest support level lies at $0.03800 while VeChain finds it difficult to move past the $0.04200 level.

Is Vechain a good investment?

VeChain stands out in the cryptocurrency market due to its specialized focus on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations make it appealing to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, VeChain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.

Recent News/Opinion on Vechain

VeChain recently announced the launch of Maas, a powerful NFC that allows smartphones to recognize physical media to grant access and share information regarding the object.

VeChain Price Prediction May 2024

PeriodMinimum PriceAverage PriceMaximum Price
May 2024$0.03261$0.03546$0.03869

In May 2024, the price of VeChain is anticipated to reach a minimum of $0.03261. The VET price can be expected to reach a peak at $0.03869, maintaining an average of $0.03546 throughout the month.

VeChain Price Prediction 2024

In 2024, the price of 1 VeChain is anticipated to touch a minimum of $0.0433. The VET price might peak at $0.0523, maintaining an average of $0.0446 throughout the year.

YearMinimum PriceAverage PriceMaximum Price
20240.03180.07160.0774

VeChain Price Prediction 2025-2030

YearMinimum PriceAverage PriceMaximum Price
20250.07610.08320.0910
20260.100.120.13
20270.140.150.16
20280.140.150.16
20290.170.190.19
20300.240.260.26

VET Price Prediction 2025

For 2025, VeChain’s price is expected to start at a minimum of $0.0761. It could potentially climb to a high of $0.091, averaging around $0.0832 over the year.

VET Price Forecast 2026

By 2026, VeChain’s price is projected to be at least $0.10. It might surge to a high of $0.13, with an average price hovering around $0.12.

VeChain (VET) Price Prediction 2027

Come 2027, VeChain is estimated to value at a minimum of $0.14. The price might escalate to $0.15, with a mean value of $0.16 for the year.

VeChain Price Prediction 2028

In 2028, VeChain’s price is likely to hit a floor of $0.14. Based on analysis, it could peak at $0.15, with a median price of $0.16.

VeChain Price Prediction 2029

The Vechain price prediction for 2029 anticipates a minimum price of $0.17, a maximum price of $0.19, and an average of $0.19.

VeChain (VET) Price Prediction 2030

A detailed analysis suggests that in 2030, VeChain could be trading at a minimum of $0.24. The price might soar to $0.26, maintaining an average of $0.26 throughout the year.

VeChain Price Prediction by Analysts

Firm20242025
Coincodex$0.033315$0.127785
Digital Coin Price$0.0600$0.0800
CryptoPredictions.com$0.058$0.075

Cryptopolitan’s VeChain (VET) Price Prediction

At Cryptopolitan, we are bullish on Monero’s future price as the market sentiment is extremely impressive. By the end of 2024, Monero might record a maximum price of $283.38, with a minimum price of $116.53 and an average price of $248.01

We expect VeChain price to create a high of $283.38 by the end of 2024

VeChain Historic Price Sentiment

  • VeChain partnered with BMW to deploy a card verification system. However, the car verification platform only continues the Vechain-BMW partnership called the Startup Garage. 
  • In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry. 
  • In 2021, Vechain saw a rapid rise as the price reached its all time high at $0.20 in May but failed to close the year nearly as high as the price declined to $0.070 by December
  • 2022 saw VeChain make attempts at a recovery to past year high but failed to even reach the $0.10 mark.
  • Between May 2022 and March 2024 the VeChain price saw little movement as the price traded well below the $0.020 mark.
  • In the last three months, VET has been showing some vigor as the price returns to the $0.050 mark again but the bulls are yet to cross the level.

FAQs

What's the potential of the UFC Marketing Partnership for the growth of the VeChain network?

The partnership will help to increase the adoption of the VET blockchain by bringing it to a mainstream audience. The UFC is one of the most popular global sports brands, with a fan base of over 300 million people.

What's the source of the long-term sustainability projection for VeChain?

Vechain use cases set it apart from its competitors and popular meme coins, giving it the green light for long-term sustainability.

What do the VeChain Price Predictions suggest on the blockchain's growth potential?

The current VeChain price predictions suggest that the coin has a bright future and is expected to show consistent positive growth in the next few years.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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